Boothwyn, Pennsylvania Property Taxes
The median property tax rate in Boothwyn, PA is 3.22%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Boothwyn at $149,090, the typical annual property tax bill reaches $4,795, exceeding the national median of $2,690. Property taxes in Boothwyn are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Boothwyn's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Boothwyn or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Boothwyn, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.22%
Estimate Property Tax Bill
$4,801
Ownwell’s Boothwyn Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Boothwyn with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Boothwyn to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Boothwyn, Pennsylvania
Property taxes in Boothwyn, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Boothwyn is 3.22%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Boothwyn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Boothwyn estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Boothwyn's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19061 zip code has the highest median property tax rate of 3.22%, while the 19060 zip code has the lowest median tax rate of 3.14%. Understanding how these cities compare with Boothwyn provides valuable insights into the varying tax landscape across Delaware County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Boothwyn Tax Rate
3.22%
Average Delaware County Tax Rate
2.80%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Boothwyn, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19060 | 3.14% | 3.14% | 3.14% | 3.14% | 3.14% |
| 19061 | 3.22% | 3.22% | 3.22% | 3.22% | 3.49% |
Source: Ownwell
Property Tax Assessment Values Across Boothwyn, Pennsylvania
In Boothwyn, Pennsylvania, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Delaware County Assessment Office for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Boothwyn, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. The median home price in Boothwyn is $149,090, with tax bills ranging from $2,121 in the 19060 zip code to $4,913 in the 19061 zip code. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Boothwyn helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Boothwyn, Pennsylvania
Source: Ownwell
$21,600
$706,300
$1,391,000
Average Boothwyn Assessed Value
$149,090
Average Delaware County Assessed Value
$197,870
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Boothwyn, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19060 | $60,738 | $63,315 | $67,610 | $71,905 | $74,482 |
| 19061 | $103,178 | $114,830 | $152,760 | $184,970 | $252,232 |
Source: Ownwell
Property Tax Bills Across Boothwyn, Pennsylvania
In Boothwyn, Delaware County, PA, property tax bills are determined based on the assessed value of a home and the local tax rate. The process begins with the county assessing the value of a property, which is then multiplied by the county's tax rate to calculate the annual tax bill. For homeowners in Boothwyn, the median home price is $149,090. Factors such as the location of the property, its size, and any improvements made can influence the assessed value. Homeowners in Boothwyn can expect a wide range of property tax bills. The 25th percentile tax bill is $3,702, while the 75th percentile tax bill is $5,844, and those in the 90th percentile pay up to $7,958. The highest median tax bill in the area is $4,913 in the 19061 zip code, whereas the lowest median tax bill is $2,121 in the 19060 zip code. These taxes directly affect homeowners by contributing to local services like schools, infrastructure, and emergency services, making them a crucial aspect of homeownership.
Average Boothwyn Tax Bill
$4,795
Average Delaware County Tax Bill
$5,691
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Boothwyn, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19060 | $1,906 | $1,986 | $2,121 | $2,256 | $2,337 |
| 19061 | $3,588 | $3,763 | $4,913 | $5,949 | $8,112 |
Source: Ownwell